JMP Securities Maintains Market Outperform on Freshworks, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Patrick Walravens maintains a Market Outperform rating on Freshworks (NASDAQ:FRSH) but lowers the price target from $29 to $21.

May 02, 2024 | 4:25 pm
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NEUTRAL IMPACT
JMP Securities maintains a Market Outperform rating on Freshworks but lowers the price target from $29 to $21.
The adjustment in price target by JMP Securities reflects a recalibration of expectations for Freshworks, likely due to updated market analysis or company performance insights. While the reduction in price target could suggest a tempered outlook on the company's short-term price potential, the maintenance of a Market Outperform rating indicates continued confidence in the company's fundamentals and growth prospects. This mixed signal could lead to neutral short-term price movement as investors digest the implications of a lower price target against a backdrop of sustained analyst confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100